Mobility – Page 6951 – I wish I had more to offer

African logistics startup Lori Systems raises Series A led by Chinese investors

African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji. Lori Systems is not disclosing the amount of the Series A. DealStreet Asia reported the… Continue reading African logistics startup Lori Systems raises Series A led by Chinese investors

Alphabet’s self-driving car project Waymo is shuttering its Austin operations

John Krafcik, CEO of Waymo speaks at a press conference at the 2017 North American International Auto Show in Detroit, Michigan, January 8, 2017. Geoff Robins | AFP | Getty Images Waymo, Alphabet‘s self-driving car project, is shuttering its operations in Austin, Texas. The Alphabet subsidiary is removing employees at the facility and says it… Continue reading Alphabet’s self-driving car project Waymo is shuttering its Austin operations

Toyota and BYD join forces for EV development in China

Toyota and BYD will partner to develop BEVs for the Chinese market, the two companies announced Thursday. The automakers will invest 50-50 in a new company, the primary mission of which will be to design and develop BEVs from the ground up. Staffing of the new company’s engineering and R&D departments will come from the… Continue reading Toyota and BYD join forces for EV development in China

Media Flags Velodyne ADAS Collaboration with Hyundai Mobis

November 8, 2019 Velodyne and Hyundai Mobis will launch a new lidar-based advanced driver assistance system (ADAS) that integrates Velodyne lidar technology and Hyundai Mobis cognitive software. In an article in FierceElectronics, Spencer Chin wrote how “the companies will commercialize their first Lidar system for ADAS in 2021 for awarded mass production programs. They will… Continue reading Media Flags Velodyne ADAS Collaboration with Hyundai Mobis

Sharing Self-driving Momentum at Lyft

By: Luc Vincent, EVP Autonomous Driving It’s an exciting time for our self-driving team here at Level 5. We are driving four times more autonomous miles per quarter than we were just six months ago, which is helping us make significant progress on our technology stack. Needless to say, our global team of ~400 is… Continue reading Sharing Self-driving Momentum at Lyft

‘No way around electrification,’ BMW says

Consumers are increasingly turning to electric vehicles – and they’re liking it, said BMW’s chief lobbyist in Europe, calling on policymakers to accelerate charging infrastructure deployment to support the roll-out of electric mobility on a mass scale.On Monday, German automakers met with top government representatives and agreed to roll out 1 million charging points for electric vehicles across the country by 2030.

Lyft is adding Chrysler Pacificas to its AV fleet and opening a new dedicated self-driving test facility

Lyft has another year of building out its autonomous driving program under its belt, and the ride-hailing company has been expanding its testing steadily throughout 2019. The company says that it’s now driving four times more miles on a quarterly basis than it was just six months ago, and has roughly 400 people worldwide dedicated… Continue reading Lyft is adding Chrysler Pacificas to its AV fleet and opening a new dedicated self-driving test facility

Hyundai: Technology for a Better Life: Hyundai Motor Company’s New Campaign

The campaign demonstrates a renewed commitment to customer experience innovations with different commercials – about self-driving, Last-mile mobility, robotics, fuel cell vehicles – on how Hyundai offers quality time, real-life connections. Hyundai Motor Company uncovered its new campaign video clips showing the brand’s vision. The clips talk about the brand-new technologies that will support humans… Continue reading Hyundai: Technology for a Better Life: Hyundai Motor Company’s New Campaign

Workhorse Group Reports Third Quarter 2019 Results

CINCINNATI, Nov. 8, 2019 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective electric-mobility solutions to the transportation sector, today reported financial results for the third quarter ended September 30, 2019. Third Quarter and Recent Operational Highlights November 2019: Signed Intellectual Property Licensing Agreement (IPLA)… Continue reading Workhorse Group Reports Third Quarter 2019 Results

Tesla Chair Robyn Denholm Discusses Elon Musk’s Audacious Goals (Video)

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Published on November 7th, 2019 |

by Guest Contributor

Tesla Chair Robyn Denholm Discusses Elon Musk’s Audacious Goals (Video)

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November 7th, 2019 by Guest Contributor

Originally posted EVANNEX.
by Charles Morris

Elon Musk has often come in for criticism because of missed deadlines, over-ambitious forecasts, and, in a few cases, unfulfilled promises. It’s true that production dates for the company’s vehicles have often slipped, many owners are unhappy about delays in delivering Full Self-Driving capability, and the New York-to-Los Angeles driverless Odyssey, originally planned for late 2017, has yet to take place. Musk himself has admitted that he’s always had problems with timelines.

Tesla Chair Robyn Denholm

However, let’s look at the other side of the coin. Tesla has achieved the goals of Musk’s Master Plan, progressing from a limited-quantity boutique automobile (the Roadster) to a mass-market sedan (Model 3) on a timeline that, for the auto industry, counts as lightning speed. As other automakers (both incumbents and startups) struggle with their electrification efforts, Tesla is increasing sales, moving on to new models, opening up potentially huge new markets, earning a respectable margin, and making a profit. The word among analysts these days is that the California carmaker has at least a five-year head start on its so-called rivals.

As the old saying goes, whatever Tesla’s doing, it seems to be working. But what if the company is succeeding not in spite of Musk’s overambitious goals, but because of them? That’s what Tesla Chairwoman Robyn Denholm implied in a recent interview on CNBC.

Denholm, an Australian business executive with an extensive background in the auto and tech industries, replaced Musk as Chair of Tesla’s board in November 2018 as part of a settlement with the SEC over his naughty tweets. Her appearance on CNBC’s Squawk Box represents a rare chance to hear inside insights about the company from someone whose name isn’t Musk.

“To achieve what Tesla has achieved over the last 5 years, over the last 10 years, you have to set audacious goals and big goals … and then have everybody in the company work like crazy to get there,” Denholm told CNBC. “I think part of it is setting those very big goals so that the company can rally and get behind them and move forward, and move the whole industry forward.”

Denholm sits down to chat with CNBC alongside Billionaire investor Ron Baron (YouTube: CNBC Television)

As examples of Muskian audacity, Denholm cited the California carmaker’s production of 97,000 vehicles last quarter, and its completion of Gigafactory 3 in Shanghai in a mere 10 months, achievements that took many by surprise.

Believe it or not, development of the Shanghai factory is actually ahead of schedule, and it has started production of Model 3 on a trial basis. “There is a huge opportunity for growth in China,” said Denholm with massive understatement.

The advent of electric vehicles has catalyzed a historic shift that will see much of the global auto industry migrate from the US to China (and to a lesser extent, to Europe). Although Tesla is the quintessential American company, it’s no exception to this trend — the firm’s recently announced quarterly results reveal that US sales declined by some 39% over the last year, as Chinese sales grew by 64% (European sales also surged).

Baron Capital founder Ron Baron, whose firm owns around $488 million worth of TSLA shares, joined Denholm on Squawk Box, and reminded us that, while the media makes Musk the focus of its Tesla coverage, the company is no one-man show. Musk may set the “unrealistic” goals, but it takes a massive amount of work by a huge number of people to make them reality.

“They have 42,000 employees. This is not reliant upon one man,” said Baron. “But he has empowered people to be able to make decisions and to be able to do what’s best for the company.”

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Guest Contributor is many, many people. We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people. 😀

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